Canaan Inc boosts Bitcoin holdings by 28 BTC, reaching 1,778 BTC total

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Canaan Inc, a publicly traded Bitcoin mining company based in Singapore, has increased its Bitcoin holdings by 28 BTC, bringing its total to 1,778 BTC. This move is part of a broader trend among publicly traded Bitcoin miners, who are increasingly adding to their Bitcoin reserves as part of their treasury strategies. Singapore-based mining firms, like Canaan Inc, are actively building Bitcoin reserves amid favorable market conditions, contributing to the company’s position at 38 in the Bitcoin 100 Ranking.

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